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SEC And Madoff Reach Agreement On Fraud Case
 If this sleazeball had knocked off a convenience store for %50 bucks he'd be in jail. Picture to the right is the original Charles Ponzi.The Securities and Exchange Commission and Bernard Madoff have reached an agreement that could eventually force the disgraced investor to pay a civil fine and return money raised from investors. $50 Billion returned plus civil fine? NOT likely. Maybe they could work the scheme backwards, take last commissioned paid and give to previous investors, etc. etc. Any other fairytale suggestions. The agreement states that the allegations of fraud cannot be contested by Madoff and that possible penalties will be decided "at a later time." The SEC says that it has submitted the agreement to a Manhattan federal judge, who has to sign off on it. Posted by: GolfBravoUSMC 2009-02-09 |
| http://www.rantburg.com/poparticle.php?ID=262117 |